Hi Somersofters,
I wrote a post recently on our recent experience with Airbnb- essentially we purchased our PPOR but couldn't get out of our lease without substantial costs, so opted to put our PPOR on Airbnb in order to avoid paying both mortgage and rent.
We have a strata meeting coming up in a couple of weeks and have just received the agenda, with one of the items being, "Discuss Airbnb and Subletting". We currently have one more month long booking before we finally move in.
The question is, if the discussion ends up resolving that Airbnb-ing/ Sub-letting is not allowed (as I am guessing it might be), if we were to continue Airbnbing, what can strata actually to do us?
To clarify: If it is decided that Airbnbing is NOT actually allowed, we WILL stop (we have really only done it out of "necessity")- this topic is merely out of interest as I am intrigued- what can the strata company/ committee actually do? Kick us out? Fine us? Add a special levy? Report us to the cops? (Not facetious questions- actually interested)
I wrote a post recently on our recent experience with Airbnb- essentially we purchased our PPOR but couldn't get out of our lease without substantial costs, so opted to put our PPOR on Airbnb in order to avoid paying both mortgage and rent.
We have a strata meeting coming up in a couple of weeks and have just received the agenda, with one of the items being, "Discuss Airbnb and Subletting". We currently have one more month long booking before we finally move in.
The question is, if the discussion ends up resolving that Airbnb-ing/ Sub-letting is not allowed (as I am guessing it might be), if we were to continue Airbnbing, what can strata actually to do us?
To clarify: If it is decided that Airbnbing is NOT actually allowed, we WILL stop (we have really only done it out of "necessity")- this topic is merely out of interest as I am intrigued- what can the strata company/ committee actually do? Kick us out? Fine us? Add a special levy? Report us to the cops? (Not facetious questions- actually interested)